{"id":9210,"date":"2008-11-25T00:00:00","date_gmt":"2008-11-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"new-jersey-drawing-heat-for-hedge-fund-foray","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/new-jersey-drawing-heat-for-hedge-fund-foray.html","title":{"rendered":"New Jersey drawing heat for hedge-fund foray"},"content":{"rendered":"<p>Washington Post &#8211; New Jersey&#8217;s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. <\/p>\n<div>\n<p>New Jersey made the investments last month, to funds run by BlackRock Inc &lt;BLK.N&gt;, Canyon Capital Advisors LLC and GoldenTree Asset Management LP, as they were &quot;facing the equivalent of margin calls,&quot; William Clark, director of the New Jersey Division of Investment, told the paper in an interview. <\/p>\n<p>In effect, the funds, which had borrowed money for investments, either faced or anticipated facing demands from lenders for cash as the value of those investments fell, the paper said. <\/p>\n<p>State legislators, upon learning of the investments, are questioning both the wisdom of the decisions as well as the process, according to the paper. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2008\/11\/25\/AR2008112500203.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Washington Post &#8211; New Jersey&#8217;s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. New Jersey made the investments last month, to funds run by BlackRock Inc &lt;BLK.N&gt;, Canyon Capital Advisors LLC and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[140,2410,1822,3255,819,2197,502,147,2709,3887,92,47],"class_list":["post-9210","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alan-greenspan","tag-amp","tag-bond-futures","tag-credit-insurance","tag-dsp-merrill-lynch","tag-emirates","tag-expectation","tag-journalism","tag-reshuffle","tag-risky-securities","tag-self-regulation","tag-third-party"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9210"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9210\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}